© Dukascopy Bank SA
– based on WBP Online
Pair's Outlook
The US Dollar was on a booked five consecutive session streak of gains against the Canadian Dollar at the start of Tuesday's trading session. However, the pair ended the trading session lower, than it started it, as the Greenback depreciated from 1.3217 to 1.3188 by the end of Tuesday's session against the Loonie. On Wednesday the currency exchange rate had surged to 1.3194 by 11:00 GMT. However, the currency exchange rate had been more volatile to the downside during the first half of the session.
Traders' Sentiment
SWFX trader sentiment has slightly moved to the bearish side, as 70% of open positions are long on Wednesday. In the meantime, pending orders in the 100-pip range are 42% long.
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